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M&A Deal Summary

ITW Acquires QSA Global

On July 24, 2008, ITW acquired machinery company QSA Global from Nova Capital Management

Acquisition Highlights
  • This is ITW’s 8th transaction in the Machinery sector.
  • This is ITW’s 23rd transaction in the United States.
  • This is ITW’s 4th transaction in Massachusetts.

M&A Deal Summary
Date 2008-07-24
Target QSA Global
Sector Machinery
Buyer(s) ITW
Sellers(s) Nova Capital Management
Deal Type Add-on Acquisition

Target

QSA Global

Burlington, Massachusetts, United States
QSA Global, Inc. is a provider of the products and services at the core of test and measurement industry. QSA Global specializes in supplying high quality, high performance radiation sources used in non-destructive test devices, oil well logging (OWL), industrial processes, and medical research.

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Buyer(S) 1

Buyer

ITW

Glenview, Illinois, United States
Category Company
Founded 1912
Sector Manufacturing
Employees45,000
Revenue 16.1B USD (2023)
DESCRIPTION
Entrance to Illinois Tool Works' corporate headquarters in Glenview, Illinois.
Entrance to Illinois Tool Works' corporate headquarters in Glenview, Illinois.

ITW is a manufacturer of a range of value-adding and short lead-time industrial products and equipment. ITW was founded in 1912 and is based in Glenview, Illinois.

DEAL STATS #
Overall 32 of 48
Sector (Machinery) 8 of 10
Type (Add-on Acquisition) 29 of 41
State (Massachusetts) 4 of 4
Country (United States) 23 of 31
Year (2008) 5 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-07-11 Trymer Foam Business

LaPorte, Texas, United States

Trymer manufactures PIR foam used in pipe and mechanical insulation, panel insulation, and floral and craft among other applications.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-08-05 Unipac

Aurora, Ontario, Canada

Unipac Corp. is a producer of foil and plastic innerseals for packaging applications.

Sell -

Seller(S) 1

SELLER

Nova Capital Management

London, United Kingdom

Investor Investor Investor Investor Investor

Category Secondary Investor
Founded 2002
PE ASSETS 1.7B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Nova Capital Management Limited is a private equity firm that highly focuses on corporate and private equity portfolios companies located in the UK, US and Europe. The firm looks to Invest in companies with a enterprise value of £ 50 – 500 million. Areas of interest include engineering & manufacturing, healthcare & pharmaceuticals, services & distribution, technology and media & telecoms. Nova Capital Management Limited is formed in 2002 and is based in London.

DEAL STATS #
Overall 2 of 37
Sector (Machinery) 1 of 3
Type (Add-on Acquisition) 1 of 15
State (Massachusetts) 1 of 1
Country (United States) 1 of 14
Year (2008) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-04-06 Stone Group

Staffordshire, United Kingdom

Stone Group is a provider of Circular IT solutions for education institutions, as well as public and private sector organizations. Stone Group was founded in 1991 and is based in Staffordshire, United Kingdom.

Sell £28M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-08-01 Afora SA

Barcelona, Spain

Afora SA is a manufacturer and distributor of laboratory equipment and consumables.

Sell -
Mergr

Product

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